Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$163,777$163,777$234,000
Remaining term (yrs)22.422.430.0
Secondary amount$0$70,223$0
Funding fee$819$819$0
Note rate3.125%3.125%7.400%
Blended rate3.125%4.888%7.640%
1st payment$843.23$843.23$1,620.17
2nd payment$0.00$526.67$0.00
Taxes / mo$315.00$315.00$315.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,308.23$1,834.90$2,131.97
Cash to close$96,223$26,000$26,000